...Seagate Technology Buyout CASE SUMMARY In May of 1999, Seagate sold one of its companies, the Network & Storage Management Group (NSMG), to VERITAS in return for 155 million shares of VERITAS stock. The transaction made Seagate VERITAS’s largest stockholder, creating an ownership stake of over 40%. When a few problems regarding stock prices arose, concerned shareholders were not far behind. Following the transaction, the market was failing to recognize the value of Seagate’s stake in VERITAS, as evident from a 200% increase in VERITAS stock versus only a 25% increase in Seagate’s stock. The board felt that the market was incredibly under pricing Seagate’s stock. After two failed attempts to increase Seagate’s stock price and unlock its value from VERITAS, the company turned to Morgan Stanley for help. In early November of 1999, Morgan Stanley arranged a meeting between Seagate executives and representatives of Silver Lake Partners. After several months of discussion, Silver Lake delivered a proposal and potential solution to Seagate’s problem. This proposal involved a complicated two-step transaction. The first step would involve Seagate selling off its disk drive business, including about $765 million in cash, to a newly-formed company controlled by Silver Lake. The purchase would be financed through a LBO in which Silver Lake and other private equity investors would provide a portion of the selling price through equity, and the rest would be financed through debt The second...
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...essential chore. Such data-transfer scenarios are where the new SuperSpeed USB 3.0 standard and its theoretical, blazing-fast throughput of 5 gigabits per second--as promised by the USB Implementers Forum (USB-IF)--will change your life for the better. And if our tests of four new USB 3.0 hard drives from Buffalo Technology, Iomega, Seagate, and Western Digital are indicative, the change will certainly be dramatic. USB 3.0's impressive speed is its raison d'être, part of its beauty is its backward compatibility with USB 2.0. You need a new cable and a new host adapter (or one of the new motherboards built to but support USB 3.0) to achieve USB 3.0 performance. But you can still use a USB 3.0 device on a USB 2.0 port and achieve typical USB 2.0 performance. You may also use USB 2.0 devices on a USB 3.0 port--though, again, with no gain in speed. The technology behind USB 3.0 more closely resembles PCI Express than USB 2.0. Backward compatibility comes from clever connector design, and a dual bus. The designers added four data lines and a ground wire for the new USB 3.0 signals, and retained the existing pair of data lines for use with USB 2.0 devices. The two technologies share the existing power and ground wires, but they are otherwise completely separated. As such, the USB 3.0 connector has design changes to accommodate the extra data lines. If you examine the inside of a type A USB 3.0 port with its familiar rectangular shape closely, you'll see that it shares the same size...
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...(normally) metal disk. The maximum areal density is defined by the size of the magnetic particles in the surface, as well as the size of the "head" used to read and write the data. The areal density of disk storage devices has increased dramatically since IBM introduced the RAMAC, the first hard disk in 1956. RAMAC had an areal density of 2,000 bit/in². Commercial hard drives in 2005 typically offer densities between 100 and 150 Gbit/in², an increase of about 75 million times over the RAMAC. In 2005 Toshiba introduced a new hard drive using perpendicular recording, which features a density of 179 Gbit/in².[1] Toshiba's experimental systems have demonstrated 277 Gbit/in², and in 2006 Seagate Technology demonstrated a drive with a 421 Gbit/in² density.[2] It is expected that perpendicular recording technology can scale to about 1 Tbit/in² at its maximum. [3] Compact Discs (CDs), another common storage media of the early 2000s, stores data in small pits in plastic surface that is then covered with a thin layer of reflective metal. The standard defines pits that are 0.83 micrometers long and 0.5 micrometers wide, arranged in tracks spaced 1.6 micrometers apart, offering a density of about 0.90 Gbit/in². DVD disks are essentially a "product improved" CD, using more of the disk surface, smaller pits (0.64 micrometers), and tighter tracks (0.74 micrometers), offering a density of about 2.2 Gbit/in². Further improvements in HD DVD and Blu-ray offer densities around 7.5 Gbit/in² and 12...
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...The Price of RAM And Hard Drive Storage Over The Past 30 Years The price and capacities of RAM and hard drive storage have come a long way in the past 30 years. Take for instance, in 1981 an 18MB hard drive cost $2500, today a 1TB hard drive costs $150. In 1990 RAM costs were $50 per MB and today one can purchase 2GB RAM for approximately $50. Observe the following table pertaining to hard drive cost vs GB capacity from 1980-2009: Table Source: iStockAnalyst Observe that there is a strong exponential correlation in the capacity vs cost ratio, where r=0.9916. During the last 30 years the capacity per unit cost ratio has nearly doubled approximately every 14 months. The regression equation is given by: Many TB+ drives have become available which recently broken the $0.10/GB boundary, whilst the next milestone being $0.01/GB or $10/TB. If historical trends continue, then 10 years from now the cost per GB of hard drive capacity will become $0.0000351 per GB or $0.0351 per TB. For $100, one could purchase a 2,849TB drive 10 years from now, based on the analysis of historical trends. Although 120 PB drives are currently available in the server and super computing market, consumer grade hard drives aren’t available in these sizes, as the physical size and cost per PB is too great for the marketability in the consumer market. Based on historical trends, one could forecast the availability of a consumer level 100TB hard drive in the next five years. It must be noted all figures...
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...Even though Seagate had a market leading position in disk drive operations, the market assigned no value, even negative value to Seagate`s operation. Seagate shareholders own 155 million shares (40%) of VERITAS. The market value of the VERITAS’ shares exceeded the Seagate’s main operations equity. Seagate was approximately undervalued by 1.5 billion. The undervaluation of Seagate’s equity was mostly due to tax liabilities of the VERITAS and the maturity of the disk drive industry. Other "soft issue" problem caused by the relative pricing of Seagate and Veritas was lack of incentive for Seagate employees for advancement of disk drive business. Their stock options were tied to VERITAS’ stock price, not to the performance of Seagate’s disk drive business. Also, because of lack of less interest in Seagate’s products, Seagate could not provide money for expansion of R&D and manufacturing in their disk drive operations. Seagate Technology needed a two-step transaction to unlock the value of Seagate for its shareholders. The first step was a leveraged buy-out of Seagate’s drive operations and the second step was performing a tax-free stock swap with VERITAS. A potential arbitrage opportunity was created because of the undervalued market price of Seagate’s shares. Right before the transaction between VERITAS and Seagate occurred; there was a good opportunity for arbitrage by buying Seagate's shares at the underestimated price. The shareholders can sell their shares at a higher...
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...Running Head: ORGANIZATIONAL TECHNOLOGY Organizational Technology Plan Overview Business today is faced with an array of workplace changes varying from downsizing to implementation of new equipment or methodologies. In the current recession Jake’s Plumbing has looked for ways to have a successful business, while still providing the customer excellent service. Jake’s Plumbing is an organization that can change and adapt to new technological advances that leads to the organization’s survival and success. This organization is going to adjust business practices and the organizational model to achieve long-term prosperity. Changes required to make Jake’s Plumbing superior to competitors may include hiring skilled workers, finding support with external and internal partners, and continuing to advance in the areas of technology, which helps them remain competitive. As this cycle of change continues and adjustments made to the organizational structure, Jake’s Plumbing will incorporate these changes into the organization so that their employees and customers benefit. Lane, (2008) stated “Organizations go through change all the time, some minor but very often major; sometimes in the name of economy and almost always in the interests of improvement – this can be in terms of service or returns (or, with any luck, both).” (Lane 2008, The Challenge of Supporting Staff, ¶2.) This organizational technology assignment will be to concentrate...
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...INNOVATION POLICY OF BRAZIL 1. Some Numbers: • Total area - 8.5 million km² • Population - 191 million • GDP (2010) - 3,7 US$ trillion • Investment in R&D - 1.25 % GDP in 2010 • Scientists and researchers - 231,000 in 2010 (headcount) • Scientific papers - 2.7 % of world scientific production • world's sixth largest by nominal GDP • eighth largest by purchasing power parity. • moderately free markets and an inward-oriented economy. • the largest in Latin American nations ere. • one of the fastest-growing major economies in the world with an average annual GDP growth rate of over 5 percent • together with Mexico, has been at the forefront of the Latin American multinationals phenomenon by which, thanks to superior technology and organization, local companies have successfully turned global. 2. Overview Brazil has many times in its history praised to be the land of the future. First, Brazil with population of 190 million, the past eight years “Bolsa Familia” social program have lifted over 40 million Brazilians out of poverty and into middle class. This creates interesting platform for creating context related innovations and scaling bottom-of-the-pyramid innovations (disruptive and reverse) globally. Second, Brazil was almost non-effected by financial crisis 2008, a signal for strong and stable macro-economic policies. This means that Brazil, first time in its history, is becoming an interesting country for long term investment and strategic cooperation...
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...mind, modern technology is a bane than a boon. It cannot be denied that the technological improvement brings forth to us some advantages. Firstly, it helps man communicate local or oversea by writing email, telephone or mobile. A student , for instance, who is studying abroad can talk to his family by chatting and web cam rather than waiting for a hand - writing letters. Secondly, the modern tools also support man in business and studying. It makes better condition to fulfill tasks faster and more convenient. For example, a student spend less time searching information and documents by clicking mouse on google rather than is stuck with many books in library. A business man can deal with his job by using laptop and internet whereas he can still enjoy holiday with his family. Nevertheless, for every solution technology provides twice as many problems are likely to cause. The modern technology is to some extent underlying causes of negative things in our society. It's Internet that provides an accessible medium for bad elements such as pornography, crimes and so on. the teenagers who are not conscious enough tend to imitate the sexual and violence clips and images on internet. A typical example of this is the massacre in an American school. A pupil killed his classmates by his father 's gun simply because he only acted as a clip he saw. Moreover, the average rate of girls who are pregnant is very soon because of sexual images 's influence. Modern technology is the key element...
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...Technology has been a boon to mankind and it is a blessing in disguise. It has made the life of humans simple and easy to live. The effects of technology have largely been positive on human life. We have reached this modern era because of technology. The various technologies around us have made this world modern. In this modern life technological innovations have become integral to our lives Technological innovations are the most important aspect of human life and it is impossible to even think of our life without them. Technology is the greatest creation of humans and it has also enabled humans to create whatever they desire. I think that technology is indispensable in our modern life and it is a great positive force in our lives. The creativity in the field of technology has always resulted in remarkable innovations. We would not have reached such heights of development without the help of technology. Technology has influenced people in a positive sense. It has instigated people to create better and better innovations. We can never think of our lives without the basic amenities which technology has provided us with. Without such technology we would still be in the pre-historic age. We should be thankful to technology for our metamorphosis from a cave man to the modern man of present age. This modernism is the result of technology and it has made our life better and better with time. It is best tool that the humans have ever invented for self help. The technological inventions...
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...Implementing Barcode Medication Administration in Hospitals Part Three Creating Change in Organizations/HCS587 April 1, 2013 Dr. Sonnia Oliva Change needs to be evaluated after implementation to determine its effectiveness. The organization and management need to continually monitor BCMA to make sure the organization is benefiting from it and to modify components if necessary. Outcome measurement strategies for BCMA are not conclusive but single studies show its positive impact on patient safety. Additionally, cost, quality, and staff satisfaction are important when determining the effectiveness of BCMA and they all support the use of BCMA as technology that increases patient safety. Effectiveness of Organizational Change Organizations evaluate the effectiveness of change after it is implemented to determine if the change is valuable or costly. Effectiveness of BCMA also needs to be determined to ascertain its ability to increase patient safety by decreasing medication errors. Empirical data on BCMA’s effectiveness is limited and data is also inconclusive. Although, data collection conducted by the Veteran Health Administration (VHA) was used to offer suggestions for improved effectiveness. From 1999 to 2003 data was collected by VHA on the barriers that was making BCMA less effective. Laboratory use, nursing informatics, and interviews were used to determine suggestions VHA would recommend to improve BCMA’s effectiveness. The data was given to the VHA’s...
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...have turned out to be. The advantageous methods of technology towards me in our daily life in regards with education have had a massive growth and an enormous impact on our daily lives. Some of the research questions that would come to mind would be: What the major influences technological advanced education had upon us or has the technological advanced education benefited students and teachers? The key finding about my issue from the sources I found as I explored my topic were very interesting. As I explored I realized that advancement in education makes the life easier for all education fields and it speed up the long process such as projects/assignments. Moreover it also enhances the education system by developed ideas. Technology is the development over time of techniques for making and doing things. According to the oxford dictionary; education is the process of training a person’s mind so that they can acquire knowledge. The combination of education and technology has been considered the main key to human progress. Education feeds technology, which in turn forms the basis for education. The acquiring of knowledge allowed man to develop technological aid to make life easier. To date this same technology has impacted on the education industry. In the current age we live in, technology has become an important component. Every day there is some new gadget or software that makes lives easier and improves on the technology and software that already exists. Making lives easier...
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...Against The Machine Author: Erik Brynjolfsson & Andrew McAfee Executive Summary “Race Against the Machine”, is an agglomeration of the mercurial amelioration in technology in the past decade. How this perturbs the inception of new jobs? Why it impinges the need for human labor? And proposition to sustain the race “with” the machines. Key Takeaways * How Technology and Innovation have affected Employment and the Economy * Impact of contemporary technology on wages, employment and economy * The receding need for human work force as technology exceeds its threshold * Divergence between skills of labor, superstars, capital and labor. * How to change track from racing against the machine, than to race with the machines Key Definitions * Complimentary Innovation: Innovations that are triggered with the development of antecedent innovations. * Skilled Based Innovation Change (SBTC): shift in the production technology that favors skilled over unskilled labor by increasing its relative productivity and, therefore, its relative demand. (Easley, 2008) * Customer Relationship Management (CRM): is a widely implemented model for managing a company’s integration with customers, clients, and sales Prospects. (Wikipedia , 2012) * General Purpose Technology (GPT): Are technologies are that can affect an entire economy, at a national or global level. (Wikipedia, 2012) * Enterprise Resource Planning (ERP): systems integrate internal and external...
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...PROBLEM AND ITS BACKGROUND Introduction This situation prompted the researcher to conduct a study on students’ attitude towards science and health in relation to their academic performance in an identified school. In today’s world, science encompasses many ways of gaining information which helps individuals know themselves and their environment better and develop and renew this information frequently. Teaching science and technology to individuals help them to learn how adopt and adapt an inclination which forces them to think objectively and make the right decision confronting different events and situations. This inclination provides a comfortable life for them as well as for their family and their environment (Akgun, 2001). If students learn science using a scientific procedure and skill they would be able to use these procedures and skills in their daily life. In this procedure, while students’ attitudes towards science increase, they develop their creativity skills. During the primary educational period, courses on science and technology achieve a great importance comparing to the other courses since these courses teach students the environment, natural events and scientific developments as well as critical thinking and problem solving. (Kaptan, 1999) An attitude is an inclination to gaining a skill and is identified as an individual characteristic that provide a background for accepting a positive subject or denying a negative one. Thus, by improving a positive...
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...Phase 5 Individual Project 2013 Information Technology Management Table of Contents Business System Planning (Week 1) Introduction 4 Identify how the following critical success factors will be addressed by case study 5 Governance 5 Business plan alignment 6 Process improvement 6 Resource optimization 6 Operating excellence 7 Identify how the following critical success factors will be addressed by case study 7 Business management issues 7 Strategic and competitive issues 7 Planning and implementation concerns 8 Operational items 8 Identify how the variables defined by Strassmann's Model will be measured 8 Efficiency 8 Effectiveness 8 Competitivness 8 Profitability 8 Strategic Information Systems Assessment (Week 2) Create an analysis of strengths, weaknesses, opportunities and threats for case study 9 Case study continued 9 SWOT analysis of case study 10 SWOT analysis continued 11 12 13 Create an assessment of the forces that are presently governing competition for case study 14 Using Wiseman’s Framework of Strategy Development define the strategic thrusts and advantages 15 Information Systems Business Case (Week 3) Critical success factors for IT Manager 16 Continued. 17 General stratgy for IT goals and objectives of the case study. 18 General strategy on how IT department will support the goals and objectives of the case study 19 Information Technology Strategy Statement (Week 4) Business aspects 20 ...
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...EDU 225 Instructional Technology Benchmark Assessment and Rubric Targeted Essential Learning Students study and utilize a variety of technologies such as computer software and hardware and will develop a personal technology philosophy and classroom technology plan designed to enhance and shape their teaching skills and knowledge to better utilize emerging technology. (APTS 3, INTASC 6) Assessment Tool Selected 1) Comprehensive Classroom Technology Plan 2) Reflection Essay Specific Performance/Task(s) Select and implement appropriate technology and resources. (APTS 3.11) Select and use research-based strategies to engage learners. (APTS 3.12) Relevancy of Task to Teacher Candidate Demonstrate the effective use of technology to foster active inquiry, promote collaboration, and support interaction in the classroom. Assessment: Student Prompts/Teacher Directions Comprehensive Classroom Technology Plan (e-Portfolio Assignment) In Modules 2-6 you will be drafting the component parts of a Comprehensive Classroom Technology Plan for use in a 21st century classroom. The Comprehensive Classroom Technology Plan will include the sections listed below. Drafts of these sections will be submitted throughout the course for instructor feedback and will be revised for inclusion in the Benchmark Assessment, due in Module 7. A Reflection Essay will also be prepared to accompany the plan. The plan is composed of the following components: * Section One: Mission and Vision...
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